wiser savings vehicles update, day 4
A few days ago I deposited a half Bitcoin into each of two savings vehicles, Free Bitcoin and BTC Pop. Free Bitcoin pays a fixed interest rate of 4.08% APY compounded daily, whereas BTC Pop pays a variable interest rate based on loans against the pool. Let's see how things are looking on day 4.
My total Free Bitcoin balance today is 0.50028682. Of the gains, 0.00021921 come from interest with the rest coming from referral earnings. You can see the interest breakdown in the picture below.
My total BTC Pop balance today is 0.50020423, as shown in the picture.
All of it is interest. Any referral earnings would be accounted for elsewhere. BTC Pop definitely has the better platform for keeping track of such things.
So on day 4, Free Bitcoin is still the winner, but the gap is closing. Which site will be the winner at the next update?
On a slightly different note, BTC Pop is offering new shares on Monday for a fund that invests in a basket of alt coins. In other words, you can invest in altcoins without having to do all the hard work of picking them out individually and then timing your trades to buy in at the dips and sell on the highs. Shares will sell for 0.0001 BTC each. I'd like to pick up a thousand. I'm feeling strangely poor because after selling off some coins I want to sell I'm coming up short. I don't want to sell any more of my other coins right now, and I don't want to cut into my half Bitcoin principals in the two savings vehicles to not mess up this experiment. I might have to settle for 700 or 800 shares. Such is life in the cryptosphere.
I use free bitcoin and I like it but looking at btc pop and the staking pool. Have you ever tried it?
I have actually never tried the BTC staking pool, but would be open to that. How do you find it?
I just clicked the BTC pop link you put up and seen it in there, I was just wondering as you use that site have you ever tried that?
Oh sorry think I understood that wrong, no I've never used it, that's the first time I've heard about one when I clicked the link, was wondering do you use it?
I see the text about a staking pool when I'm logged out and click the link. I'm just not sure how to find it on my dashboard yet. The truth is BTC Pop has a lot of features and capabilities that I have yet to explore. I definitely could use a good staking pool as sometimes I like to hold POS coins without running their individual wallets on my computer.
I'm wondering would it generate more then staking on your own?
Would also be nice to just not have the have the laptop running 24/7 too
If you had a small amount of coin, you'd likely get more by pooling it. If you have a large amount of coin, well, I'm sure the pool takes its cut, so you'd have less. The advantage is that you get some POS rewards without having to use your own resources.
It's interesting wouldn't mind buying a small amount of something just to see
If you do try out the staking pool, let me know how it works out for you :)
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Hey this is really nice. Hope the most profitable future for you @wiser . Right now I am cloud mining some Ethereum put a small amount of computing power but it is nice to see I'm finally in the crypto world. If you check out my blogs I'm post my progress up. Cheers!
Cool. I followed you. Yes, definitely post regularly about your progress since you are new to the cryptoworld. I think those stories are going to be so fascinating later on. I kept a blog for a few years at http://creativecurrencies.cu.cc where I posted everything about my crypto-adventures back when I was a newbie. If you were to read through it you'd see how even a few years ago it was a different world than what it is now. Keep in mind lots of the opportunities I mention may be dated, or nonexistent now.